Trump's tariffs have been making a significant impact on the global economy.
What was expensive yesterday is even costlier today, and products that once came cheaper from certain countries are now more expensive. This shifting trend is creating new opportunities for some nations while closing doors for others.
In a major boost to India's electronics manufacturing sector, exports of iPhones, smartphones, tablets, and laptops to the United States will now be 20% cheaper compared to similar products shipped from China.
This cost advantage positions India as an increasingly attractive alternative to China for tech manufacturing and exports. The development is expected to accelerate global tech giants’ shift toward India as a key production hub.
This is certainly a boost for the Indian government's Make in India initiative. However, we need to see if Trump changes his decisions, as they have been volatile from day one.
If there are no major changes in the current situation, India stands to gain the biggest opportunity to flourish while China is being sidelined.